PT Bank Muamalat Indonesia Tbk (“Bank Muamalat Indonesia”) commenced its journey as the first Sharia bank in Indonesia on November 1, 1991, or Rabi’us Tsani 24, 1412 H. The establishment of Bank Muamalat Indonesia was instigated by Indonesian Council of Ulema (MUI), the Association of Indonesian Moselm Inttelectuals (ICMI) and local moslem businessmen who later gained supports from the Government of Republic of Indonesia. Since it officially began operating on May 1, 1992 or Syawal 27, 1412 H, Bank Muamalat Indonesia keeps on innovating and releasing sharia financial products such as Sharia Insurance (Asuransi Takaful), Muamalat financial institution pension fund (DPLK Muamalat) and sharia multifinance company (Al-Ijarah Indonesia Finance), all of which are breakthroughs in the country. In addition to these, Banl’s product Shar-e launched in 2004 which was also the first instant saving in Indonesia. The Shar-e Gold Debit Visa launched in 2011 obtained an award from the Indonesian Museum of Records (MURI) as the first Sharia Debit Card with the chip technology in Indonesia; as well as a comprehensive e-channel services such as internet banking, mobile banking, ATM and cash management services. All these products are pioneers of sharia products in Indonesia and have become the most significant milestone in sharia banking industry.

On October 27, 1994, Bank Muamalat Indonesia obtained its Foreign Exchange Bank license and was listed as a public company without being listed on the Indonesia Stock Exchange (IDX). In 2003, the Bank confidently conducted 5 (five) instances of Rights Issue with Pre-emptive Right, and is the first bank in Indonesia to issue a Subordinated Mudharabah Sukuk. The corporate action set the position of Bank Muamalat Indonesia in the Indonesia banking industry

As there is more acknowledgment on the Bank’s capacity, Bank Muamalat Indonesia expanded its business by adding more branch offices all over Indonesia. In 2009, the Bank obtained a license to operate a branch office in Kuala Lumpur, Malaysia and become the first and still only bank in Indonesia to expand its business in Malaysia. To date, the Bank has operated 325 offices to serve its customers including 1 (one) branch office in Malaysia. The Bank operation is also supported by a wide service network consisting of 710 unit of Muamalat ATMs, 120,000 ATM Bersama and ATM Prima Networks, and a network of more than 11,000 ATMs in Malaysia through Malaysia Electronic Payment (MEPS).

On its 20th anniversary in 2012, Bank Muamalat Indonesia conducted rebranding on its logo to enhance the image awareness as a Islami, Modern, and Professional sharia Bank. The Bank also continues to realize varied achievements and attainments acknowledged in both Indonesia and the world. Until today the Bank operates together with several subsidiaries in providing the best services, i.e. AlIjarah Indonesia Finance (ALIF) which provides sharia financing service, Dana Pensiun Lembaga Keuangan (DPLK Muamalat) which provides pension funds service, and Baitulmaal Muamalat which provides services of disbursing Zakat, Infak and Sadaqah (ZIS).

Since 2015, Bank Muamalat Indonesia altered into a a better entity that achieves a long term growth. With a well-directed business strategy Bank Muamalat Indonesia continues to move ahead, actualizing its vision to be “The Best Islamic Bank and Top 10 Bank in Indonesia with Strong Regional Presence”.